Question 25 Chapter 1 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 25 Chapter 1 of +2-Part-1

25. (Treatment of Interest received) Calculate the interest to be credited to Income and Expenditure account for the year 31-3-2015 :

Particulars	Rs.
Interest received	32,500
Interest Accrued 1-4-14	9,100
Interest Accrued 31-3-15	5,200

The solution of Question 25 Chapter 1 of +2 Part-1: – 

Interest to be credited to Income and Expenditure account
Particulars		Amount
Interest received during the year		32,500
Add: Interest accrued at the end		5,200
		37,700
Less: Interest accrued in the beginning		(9,100)
Interest credited to Income and Expenditure Account		28,600

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Also, Check out the solved question of previous Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

• Chapter No. 1 – Accounting Not for Profit Organisations
• Chapter No. 2 – Partnership Accounts – I (Introduction)
• Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
• Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
• Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
• Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
• Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
• Chapter No. 8 – Company Accounts (Share Capital)
• Chapter No. 9 – Company Accounts (Issue of Debentures)
• Chapter No. 10 – Company Accounts (Redemption of Debentures)

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

• Chapter No. 1 – Financial Statements of a Company
• Chapter No. 2 – Financial Statement Analysis
• Chapter No. 3 –  Tools of Financial Statement Analysis- Comparative and Common Size
• Chapter No. 4 – Ratio Analysis
• Chapter No. 5 – Cash Flow Statement

 

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